Central Bank placed short-term notes for AZN 250 million


April 3, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has conducted an auction on placement of short-term notes.

The Baku Stock Exchange reports that on 3 April the CBA offered short-term notes with state registration number 50101473S in the amount of AZN 250 million for the 28-day period.

The 10 investors submitted 18 orders for AZN 371.307 million. The investors offered for the short-term notes from AZN 99.3432 (yield: 8.50%) to AZN 99.4581 (7.01%).

Under the CBA decision, the cut-off price and weighted average price totaled AZN 99.4581 (7.01%). The short-term notes were placed for AZN 250 million.

The maturity date of the notes is 1 May 2019.